Performing renovations is part of a landlord’s responsibilities. Normal wear and tear is to be expected over time, so improvements are required if you want to maintain the value of your property. New tenants are bound to be attracted to well-maintained and upgraded units during your advertising…
A lease agreement is a legally binding agreement that runs for a specific period of time, usually one year. Typically, a tenant who signs one agrees to abide by all its terms until it ends. Sadly, this isn’t always the case. Life happens and your Regina tenant may decide to end the tenancy early…
If you find yourself relocating to a new city for your career or to expand your horizons, you might be thinking about what to do with your current residential home. Barring selling the property you can also choose to convert it into a rental property.
If you own a rental property, you have to protect it. After all, your rental property is your income-generating asset. You want to keep it in its best condition if you want to protect its value. A rental property in top condition can easily attract tenants, which means it can get rented out quickly…
This a common question among first-time landlords. When renting out a property, you’ll often find yourself making tough decisions as to what perks you should offer tenants to stand out from the competition. In the past, it’s been common for landlords to only offer tenants heat, water, and…
A month-to-month lease is a rental agreement between you and your tenant that cycles every month. It establishes a tenancy without a long-term commitment. It automatically renews each month until either party chooses to terminate it by serving the other proper notice.
Among the factors that tenants look at, besides the rental fee, is how safe the unit is. As a landlord, you must have security measures in place to meet the vital need of your tenants. You want to take reasonable steps to protect your occupants from experiencing discomfort or danger.
Rent-setting is a task you must accomplish prior to advertising your Regina rentals. It’s not a thing you perform in a haphazard manner since this can adversely affect the income you earn and your marketing results. You need to take time to analyze and assign an accurate rent rate, so you’ll be…
A rental property’s occupancy rate is an important factor that can either make or break its profitability. A property with a high occupancy rate means that it’s generating income for the rental property owner. On the other hand, a vacant rental property is not generating cash flow, but the owner…
As a landlord, drafting a comprehensive rental agreement is essential if you want to avoid problems with your tenants in the future. A rental agreement should include all the terms and conditions of the rent, the do’s and don’ts for tenants, and the responsibilities that you expect from your renters…
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